Hertz Global Holdings Inc (HTZ) Testing Investors’ Patience Right Now

Currently, there are 306.69M common shares owned by the public and among those 137.17M shares have been available to trade.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The company’s stock has a 5-day price change of 0.47% and -7.79% over the past three months. HTZ shares are trading 16.39% year to date (YTD), with the 12-month market performance down to -45.73% lower. It has a 12-month low price of $2.47 and touched a high of $8.20 over the same period. HTZ has an average intraday trading volume of 4.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.10%, 6.16%, and 13.23% respectively.

Institutional ownership of Hertz Global Holdings Inc (NASDAQ: HTZ) 306.69M shares outstanding.

It has a market capitalization of $1.31B and a beta (3y monthly) value of 2.44. The earnings-per-share (ttm) stands at -$9.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.98% over the week and 7.40% over the month.

Analysts forecast that Hertz Global Holdings Inc (HTZ) will achieve an EPS of -0.92 for the current quarter, -0.37 for the next quarter and 0.13 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -1.19 while analysts give the company a high EPS estimate of -1.19. Comparatively, EPS for the current quarter was -1.28 a year ago. Earnings per share for the fiscal year are expected to increase by 73.92%, and 92.70% over the next financial year. EPS should grow at an annualized rate of 74.40% over the next five years, compared to -79.95% over the past 5-year period.

Barclays coverage for the Hertz Global Holdings Inc (HTZ) stock in a research note released on September 19, 2024 offered a Underweight rating with a price target of $3. BofA Securities was of a view on April 26, 2024 that the stock is Underperform, while Goldman gave the stock Sell rating on April 04, 2024, issuing a price target of $8- $7. BofA Securities on their part issued Neutral rating on March 19, 2024.

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